Effective April 1, 2013 and June 3,
2013 The charts below illustrate the 10 basis points
(bps) increase in the Annual Mortgage Insurance Premiums, new
duration of annual MIP and new MIP rates for loans under 78%
that are amortized for 15 years or less. Upfront premiums will
not change with this update.

The annual MIP on all forward mortgages increases, except
single family forward streamline refinance transactions that are
refinancing existing FHA loans that were endorsed on or before
May 31, 2009; the rate for those streamline transactions remains
at the current
level.
Details here.

The following are effective for all mortgages with FHA
case numbers assigned on or after June 3, 2013:

Revision to the period for assessing the annual MIP;

Removal of the exemption from the annual MIP for loans
with terms of 15 years or less and LTVs of less than or
equal to 78 percent at origination;

Increase in the annual MIP for mortgages with terms less
than or equal to 15 years and LTV ratios less than or equal
to 78 percent at origination.

The table below shows the previous and the new duration of
annual MIP by amortization term and LTV ratio at origination:

New annual MIP rates by amortization term and LTV ratio. All
MIPs in this table are effective for case numbers assigned on or
after April 1, 2013 for loan amounts
under $625,000 (15 year and 78% or less LTV MIP changes are
effective June 3, 2013): For loan amounts larger than $625,000,
view the full mortgagee letter below.

Effective April 9, 2012
The charts below illustrate the 10 basis points (bps) increase
in the Annual Mortgage Insurance Premiums (loan amounts under
$625,000) and a 75 basis points (bps) increase
to the Upfront Mortgage Insurance Premium (UFMIP). It is
anticipated that these marginal increases are affordable for
nearly all homebuyers who would qualify for a new mortgage loan
and will significantly strengthen the capital position
of the MMIF.

Annual Premiums:FHA will increase its annual
mortgage insurance premium (MIP) by
0.10 percent for loans under
$625,500 and by 0.35 percent for
loans above $625,000.

For FHA traditional purchase and
refinance products, the annual
premium, shown in percentage
below, is to be remitted on a
monthly basis, and will be charged
based on the initial loan-to-value
ratio and length of the mortgage
according to the following schedule
for loan amounts under $625,000: For
loan amounts larger than $625,000,
view the full mortgagee letter
below.

LTV Ratio

Annual Premium for over 15
Years and up to 30 Years

LTV Ratio

Annual Premium for Loans
15 Years and Under

95.00% and Under

1.20%

78% and under

0.00%

95.01% and Over

1.25%

90.00% to 78.01%

0.35%

90.01% and Over

0.60%

How long will I have monthly
FHA mortgage insurance? Years will be determined when the
loan balance equals 78% of the initial
sale price or appraised value, which
ever is lower, provided the mortgagor
has paid the annual
mortgage
insurance premium for at least 5
years.